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BigorU [14]
3 years ago
15

On January 1, Butte Company's Valuation Allowance for Trading Investments account has a debit balance of $23,200. On December 31

, the cost of the trading securities portfolio was $80,000. The fair value was $98,000. Which of the following would Butte report on the income statement for the current year
A. an unrealized loss on trading investments, $18,000

B. an unrealized gain on trading investments, $18,000

C. an unrealized gain on trading investments, $5,200

D. an unrealized loss on trading investments, $5,200
Business
1 answer:
drek231 [11]3 years ago
4 0

Answer:D. An unrealized loss on trading investments, $5,200.

Explanation:A valuation allowance contra-account to a deferred tax asset. It is also a reserve that is used to offset part or all of the value of a deferred tax asset. It is very important and necessary for a financial analyst to always scrutinize

and review the valuation allowances of a company as it may be used to manipulate earnings of a company for their own gains.

The income statement of Butte will be report as follows

Fair value-liabilities(debit balance and cost of the trading portfolio)

=$98,000-23,200-$80,000

=-$5,200

THE UNREALISED LOSS ON TRADING INVESTMENT IS $5200.

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An operations manager observes a new production process. Based on production of the first 32 ​units, the manager estimates that
Leviafan [203]

Answer:

<em>The answer is 17.01 minutes</em>

Explanation:

<em>Given that:</em>

<em>The learning rate (r) = 85% = 0.85</em>

<em> T₃₂= 23.52 minutes</em>

<em>By applying the learning curve formula</em>

<em>Thus,</em>

<em>Tₙ = T₁ nᵇ</em>

<em>Where b represent ln(r)/ln2</em>

<em>b = ln( 0.85)/ln2 = -0.2344</em>

<em>23.55 = T₁ * (32)^-0.2344</em>

<em>T₁ = 23.55 * (32)^0.2344</em>

<em>Now,</em>

<em>T₁₂₈ = T₁ (128)^ - 0.2344</em>

<em>= 23.55 * (32)^0.2344 * (128)^ - 0.2344</em>

<em>=17.01 minutes</em>

3 0
2 years ago
Diminishing returns set in after the ________ truck is purchased.
Nataly_w [17]

The answer in the space provided is second. The diminishing returns set happens when there is an increase with the input variable and by this, it will likely cause the output to decrease as the marginal increase and in the same time, other inputs remains to be in constant.

8 0
2 years ago
Contrary to recommendations by consumer credit counselors, most consumers don’t keep written track of their purchases, relying i
Viktor [21]

Answer:

mental budgeting

Explanation:

This is an example of mental budgeting because mental budget reduce the resistance that consumers feel when buying more than one item.

If you have a wide range of products, especially the spectrum of "serious", from need to fun then you can promote purchases in the mix  categories.

so answer is mental budgeting

5 0
3 years ago
california, as a means to protect its environment, passes a law to ban a certain substance manufactured in kansas by xyz corpora
Svetllana [295]

The XYZ corporation may sue California for violating the dormant commerce clause. prohibits states from enacting legislation that significantly impedes interstate commerce.

<h3>What is interstate commerce?</h3>
  • Interstate commerce refers to the transacting or transportation of goods, services, or money across state lines.
  • Federal courts, for example, have considered cattle crossing a state line while grazing and the movement of pollutants across state lines to be interstate commerce in order to uphold Congress' regulatory jurisdiction.
  • In the United States, interstate commerce refers to any commercial transactions or traffic that cross state lines or involve more than one state.
  • The Interstate Commerce Act of 1887 is a federal law of the United States that was enacted to regulate the railroad industry, specifically its monopolistic practices.
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To learn more about interstate commerce, refer to:

brainly.com/question/4656005

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3 0
1 year ago
The reason that we want to develop a confidence interval for the population mean is because:_____.
Bogdan [553]

Answer:

3. the sampling distribution of the sample mean is normally distributed.

5. the value of the sample mean varies from sample to sample.

Explanation:

We develop confidence interval for population mean because

a. the sampling distribution of the sampling mean is normally distributed. For us to do this we must first ensure that the sample mean is large enough

B. The value of the sample mean is not the same for all samples it varies from sample to sample. Therefore it it is better that an internal is given with the probability that the parameter falls into it.

4 0
2 years ago
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